The dollar is hovering amid a 'palpable sense of anticipation'

The US
dollar index was little changed at 93.85 at 7:24 a.m. ET on a
relatively quiet day in FX markets.

That being said, "there is a palpable sense of
anticipation," for a number of key developments on the economic
policy front, Marc Chandler, global head of currency strategy at
Brown Brothers Harriman, said in
commentary.

He continued:

"Anticipation for the ECB meeting on Thursday, which is
expected to see a six or nine-month extension of asset
purchases at a pace half of the current 60 bln a
month. Anticipation of the new Fed Chair, which
President Trump says will be announced: 'very, very
soon.' Anticipation of US tax reform proposal that will
be released as soon as the budget is
approved. Anticipation of US corporate earnings,
with FANG, shares off for the fifth session yesterday, the
longest downdraft of the year."

As for the rest of the world, here was the scoreboard at
7:26 a.m. ET:

The euro
was up by 0.2% at 1.1768 against the dollar. German
manufacturing PMI surprised on the upside, coming in at 60.5
for October, above expectations of 60.2.